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All Journal International Journal of Sustainable Applied Sciences (IJSAS) International Journal of Integrated Science and Technology
Adijat Olubukola Olateju
Unknown Affiliation
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

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An Assessment of the Impact of Digital Technology (DT) on Small and Medium Enterprises (SMEs): A Case Study of Some Selected SMEs in La Adijat Olubukola Olateju
International Journal of Sustainable Applied Sciences Vol. 2 No. 1 (2024): January 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijsas.v2i1.1189

Abstract

This research examines the impact of Digital Technology on Small and Medium Enterprises (SME) activities (in terms of profits and business expansion). The selected sample was 320 SMEs which included 150 SMEs that adopted Digital Technology in their business activities and 170 SMEs that did not adopt Digital Technology in their business but were in the same business field as those that adopted DT. Questionnaires are used to obtain information from these SMEs. Data were analyzed using descriptive statistics (frequency and percentage) and econometric analysis [Propensity Score Matching (PSM)]. The results obtained from the PSM analysis show that the implementation of DT has helped business expansion in the study area among SMEs that adopted DT compared to SMEs that did not adopt DT. However, the implementation of DT has not had a significant impact on the profits of SMEs in the study area compared to non-participating SMEs in DT. Therefore, it is suggested that the adoption of DT is highly recommended among SMEs as this tends to increase business expansion. On the other hand, so that the impact of DT can be felt on entrepreneurs' profits, the costs of implementing DT must be reduced through assistance in the form of grants, subsidies, tax exemptions, tax holidays, and free consultation services in the field. DT areas and loans at lower interest rates should be provided by authorities and stakeholders to encourage SMEs to adopt digital technologies in their businesses.
Political Stability, Corruption, and Economic Development : Evidence frim WAMZ Countries SuleYa'u Hayewa; Adijat Olubukola Olateju
International Journal of Integrated Science and Technology Vol. 2 No. 4 (2024): April 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijist.v2i4.1674

Abstract

       The paper has analyzed the political stability, corruption and economic development in the West African Monetary Zone (WAMZ) countries for the period of 2000 to 2020. The common properties of the panel data were first checked to avoid mis-specification bias and hence biased statistical results. Firstly, the CD test revealed no evidence/absence of cross sectional dependence among the countries which validates the use of traditional panel unit root that does not take account of cross-sectional dependence. The results of panel unit root test proposed by Levin et al (2002) revealed that the variables are integrated of order zero i.e. I (0). Based on this, the paper explores within the panel VAR framework. Evidence from impulse response functions revealed that, political stability and rule of low are economic development promoters while corruption hampers economic development in the region. The results from variance decomposition indicate that the variables under study contribute or hinder economic development in the WAMZ countries. Based on the results the paper recommends that, transparency and accountability at all level of government affairs as well as respecting the constitution in these nations should be preserved in order to overcome all social and political injustice among the countries under study.
Co-Authors SuleYa'u Hayewa